Mortgages
Nationwide boosts mortgage lending by 44%Nationwide increased its mortgage lending by 44 per cent last year, raising the number of mortgages for first time buyers. |
IMF endorses deficit reduction plan but calls for flexibilityThe International Monetary Fund (IMF) has said reducing the deficit has helped the UK but says other policies such as a cut in VAT, more QE and even a cut to base rate should be considered. |
Coventry BS launches buy to let capped trackerCoventry Building Society has released a capped tracker mortgage for buy to let investors, available up to 65 per cent LTV. |
UK house prices slide 0.4% in the past yearBritain’s house prices in March were 0.4 per cent lower than a year earlier, according to Government figures released today. |
BoE's King bows to pressure and agrees to three separate probesThe Bank of England is to undergo three separate investigations into its handling of the financial crisis, its forecasting record and its support to the banking sector. |
Mortgage lending down 19% in AprilMortgage lending fell in April after the end of the stamp duty holiday in March created a first-quarter spike in activity, latest analysis shows. |
House prices static as downsizers dominate property marketThe number of Brits who want to move to a smaller home is outstripping those looking to trade up, latest figures indicate. |
Mortgage holders feel the pinch in MayCash strapped Brits - particularly mortgage holders - are suffering an even tighter squeeze on their finances, new figures show. |
Downbeat inflation and growth forecasts means more QE likelyThe Bank of England published its Quarterly Inflation Report on Wednesday and predicts inflation will stay above two per cent with growth down to 0.8 per cent this year. |
Nationwide BS cuts two and five year fixed mortgage ratesNationwide has reduced its two and five year fixed mortgage rates by 0.1 per cent, after cutting product fees by half earlier this month. |
Skipton BS beefs up buy to let mortgage rangeSkipton Building Society has enhanced its buy to let mortgage selection, with two new two-year base rate trackers and a two-year fixed rate deal. |
Eurozone crisis pushing up UK mortgage rates, Bank warnsMillions of homeowners across Britain are facing mortgage hikes as a direct result of the Eurozone crisis, the Bank of England has warned. |
First-time buyer mortgage lending up 74% in March, says CMLThe end of the stamp duty holiday caused mortgage lending to first-time buyers to rise by 74 per cent in March, according to the Council of Mortgage Lenders. |
BoE cuts growth forecast and warns of higher inflationThe Bank of England has released its Quarterly Inflation Report and Sir Mervyn King has cut the growth forecast for 2012 to 0.8 per cent and says inflation will remain above 2% for at least the next year. |
Santander launches Newbuy mortgagesSantander has unveiled a range of NewBuy mortgages designed to help borrowers trying to get their first step on the property ladder. |
Interest rates ‘set to stay at all-time low until 2013’Bank of England Governor Sir Mervyn King is expected to hint in Wednesday’s quarterly inflation report that interest rates will stay put until the end of next year. |
Bank of England's Quarterly Inflation Report dominates week aheadWe preview the economic week ahead that sees unemployment figures, trade deficit data and the Bank of England's Quarterly Inflation Report released. |
Seaside town house prices double in a decadeHalifax reports that house prices in seaside towns have doubled over the last ten years, with Seaham in County Durham recording the biggest increase. |
House price optimism on the up, says RightmoveProperty portal Rightmove interviewed people moving home and more than a third said they expect to see a rise in house prices over the next 12 months. |
Bank of England decides against QE due to inflation riskThe Bank of England has decided to keep its powder dry on adding to the £325 billion programme of quantitative easing and to keep base rate at 0.50% for a 39th consecutive month. |
CML: Home repossessions at same level as 2011The number of homes being repossessed in the UK appears stable for the time being, according to the Council of Mortgage Lenders (CML). |
Will the Bank of England decide on more QE?The Bank of England's Monetary Policy Committee meets tomorrow and while it is certain that interest rates will stay at 0.50% for a 39th consecutive month the decision on QE is less clear cut. |
Loyalty costing consumers £780 a year, site warnsConsumers would be better off mixing and matching financial products rather than sticking with the same provider for everything, according to MoneySupermarket. |
Halifax launches Home Finder appThe Halifax has released a one-stop house hunter app, combining a property search engine, mortgage calculators, local area information and homebuyer guides. |
UK house prices fall to six-month low, says RICSThe Royal Institute of Chartered Surveyors (RICS) reports house prices fell to a six-month low in April following the end of the stamp duty holiday for first-time buyers. |
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